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Banking

Large banks step up foreign capital attraction

Large banks step up foreign capital attraction

Experts forecast that this year, banks will race to increase their charter capital in order to improve capital adequacy ratios and meet the capital needs for high credit growth.
Businesses in finance industry promote application of AI in operations

Businesses in finance industry promote application of AI in operations

Modern financial services have gone beyond basic transactions to become intelligent ecosystems personalised by AI.
Banks charter capital surges by 15.23% to 33 billion

Banks' charter capital surges by 15.23% to $33 billion

NCB''s charter capital surged from VNĐ5.6 trillion to VNĐ11.78 trillion, while Techcombank''s charter capital increased sharply from more than VNĐ35.2 trillion to nearly VNĐ70.66 trillion.
PM directs submitting draft law on bad debt settlement to NA in May

PM directs submitting draft law on bad debt settlement to NA in May

The settlement of bad debts must be developed into a draft law and submitted to the National Assembly (NA) in May 2025 for consideration and approval, according to a direction from Prime Minister Phạm Minh Chính.
Four banks to hold shareholders meetings in February and March

Four banks to hold shareholders' meetings in February and March

The four – Nam A Bank, VIB, Vietcombank and Eximbank – are preparing to hold their shareholders'' meetings in February and March 2025.
SBV Governor directs first tasks for banking sector in 2025

SBV Governor directs first tasks for banking sector in 2025

The Governor of the State Bank of Vietnam (SBV) Nguyễn Thị Hồng outlined goals and tasks for the entire banking sector in 2025.
Banks stimulate credit from the beginning of 2025

Banks stimulate credit from the beginning of 2025

Many banks have implemented loan packages with preferential interest rates. Currently, the lowest short-term loan interest rate is from 4.5 per cent.
Banks selling mortgaged assets to recover bad debts

Banks selling mortgaged assets to recover bad debts

Many banks are rushing to sell mortgaged assets to recover bad debts, as these types of debts are forecast to increase slightly this year.
Home loan interest rates to inch up in 2025

Home loan interest rates to inch up in 2025

However, the home loan interest rates will be still lower than that before the COVID-19 pandemic, analysts say.
State Treasury plans to raise 19.6 billion of government bonds in 2025

State Treasury plans to raise $19.6 billion of government bonds in 2025

One reason, that the budget expenditure estimate approved by the National Assembly shows that Việt Nam this year has to repay more than VNĐ360 trillion of the principal debt of the central budget, against VNĐ270 trillion last year.
Banks step up capital mobilisation policies

Banks step up capital mobilisation policies

According to statistics, 7 banks, including Agribank, Bac A Bank, NCB, MBV, Eximbank, KienLongBank and VietBank, have so far this year increased mobilisation interest rates to attract idle cash flow from the population.
Remittances reach about 16 billion in 2024

Remittances reach about $16 billion in 2024

Deputy Prime Minister and Minister of Foreign Affairs Bùi Thanh Sơn said this remittance level is equivalent to 2023, when remittances reached a record high post pandemic.
ABBANK launches digital banking platform

ABBANK launches digital banking platform

By launching ABBANK Business on Backbase’s platform, ABBANK aims to extend its impact among SMEs and entrepreneurs who prioritise digital convenience and robust financial support. 
Majority of credit institutions expect profit growth in 2025

Majority of credit institutions expect profit growth in 2025

According to an SBV survey, In 2025, 85.1 per cent of credit institutions expect their pre-tax profits to grow positively compared to 2024.
Credit growth must go together with risk controls, to minimise bad debts

Credit growth must go together with risk controls, to minimise bad debts

The State Bank of Vietnam (SBV) has recently sent a document to commercial banks to publicly and transparently announce the principles for assigning credit growth in 2025.